Technical Evaluation of EURJPY Today, I focus on EUR/JPY for my technical evaluation. The current market price is increasing, creating a rising channel. If the market price breaks this channel, it significantly supports further price growth. Should...
EUR/USD Daily chart: The EUR/USD market saw significant movement today, driven by critical economic data in the US dollar. The latest harmful data for the US dollar led to bullish momentum in the EUR/USD. Prices rose, reflecting the change in the...
Forecast of NZDUSD On the H4 time frame chart, the NZDUSD trading activity seems to be in the range zone; however, I saw erratic movement in the final candle, which is a significant bearish pin bar. We cannot take the chance of selling it based on...
Engulfing Candlestick Pattern in Forex Trading The engulfing candlestick pattern is a two-candle reversal signal commonly used in forex trading to indicate a potential change in market direction. It comes in two forms: bullish and bearish. 1....
USD/JPY Technical and Fundamental Analysis Technical Analysis USD/JPY is currently in a downtrend on the H1 timeframe, with the price facing strong resistance at 148,300. The market has attempted to break this level but failed, suggesting that...
